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360T´s global presence and accessibility make for one of the fastest growing major distribution networks world wide with several hundred buy-side participants and several dozens of liquidity providers already connected to each other on a bilateral basis. The connection to 360T provides a market maker bank with the vast opportunity to market its individual core competences in the OTC market (product, currencies, etc) to a wide range of top tier Corporate treasuries, institutionals, market taker banks and broker/dealers.
Tradable products are:
- FX Spot
- FX Forwards
- FX Swaps (even and uneven)
- FX Rollovers
- FX Options
- FX Limit Orders
- NDFs
- Precious Metals
- Time Loans/Deposits incl. Rollovers
- Money Market Funds
- FRAs
- IRS
With a direct link between their pricing engines and the TEX® Multidealer Trading System, customer requests can be quoted via a fully integrated API (Application Programming Interface). Products not quoted automatically are delivered via a trader applet for manual quotation. Market makers using the 360T-platform can, therefore, respond quickly and with flexibility to meet the full spectrum of different types of requests sent by clients.
The key benefits of trading via 360T are:
- Sales channel
A single powerful connection with a profitable sales channel to corporate, market taker bank and institutional flow.
- Increasing revenues
Automated pricing of online requests leads to increased deal flow. Sales desks are then free to focus on high-margin products, relationship management and non-standardised requests.
- Efficiency improvements
By automating the capture, processing and settlement of the transaction, sell-side banks improve their operational efficiency.
- Reporting
All market maker banks receive a full monthly breakdown of trading request and execution activity according to counterparty, product and currency and currency pair, along with time and quality measurement of trading response.
- Deal Confirmation
Read-only mode for back office, export to E-mail, printer, spread sheet and a full history of activities with individual filter mode.
- Reduction of operational risk and credit risk
Transcription errors are eliminated by single entry and straight-through-processing of data. An optional online limit check solves the problem of credit risk.
- Market Access through competitive pricing
Competitive pricing helps banks target and win new customers within 360T´s attractive and highly diverse group of clients.
- Cost Reduction
A more efficient use of time and manpower, as well as significantly reduced communication and associated costs compared to using the phone for price distribution/search and negotiation.
- I-TEX® Intra-Group Trading System
Proprietary branded trading service for internal routing to a central execution desk or distribution channel of trading prices to group sales desks or White Label platform to external clients. The solution supports professional trading across multiple instruments, FX limit order management and trading on margin basis. A rule-based pricing and margin engine, comfortably configured and controlled from a desktop, differentiates pricing by client entity, instrument, currency, tenure and notional.
- Bank-Independency
360T´s independence and neutral market approach provides an ideal platform on which counterparties can trade OTC financial instruments with confidence and mutual trust.
- Support / Training / Post-Sales Support
360T offers comprehensive 24h support. A separate test server environment is provided for client demonstration and training purposes. An integration platform is available for "live" testing with your pricing engine.
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